FEBRUARY 23 2017

Issue 939 of Exchange Invest completes the trio of Porsche 924 GT machines. The 939 was the 1980 924 Carrera GTP prototype built for Le Mans. While the cars at one time ran a remarkable 6/7/8, they finished 6, 12 and 13. The 13th placed car incidentally was driven by Derek Bell and Al Holbert both of whom figure more in the story in a few weeks time…

In Today’s Exchange Invest

Cinnober raising funds for its push into bank clearing market. Euro Clearing skirmishes as rhetoric hots up over EU threats to have its cake and protect it don’t wash with free markets.

And there’s more, happy scrolling:

In BigWorld

In Queens, a rampaging bull was chased by police for 2 miles around the New York borough. At the time of going to pixel we were unable to confirm if any NYSE or NASDAQ staff were encouraging it to keep going at the time of its capture. (NB News that the bull escaped from imminent demise in a slaughterhouse may have dismayed Wall Street’s more superstitious algorithms).

Of course, had it escaped in New Jersey, it would have been captured much faster as Chris Christie’s staff could have closed all the bridges in an instant. Allegedly.

Public Markets

Cinnober’s Board Decides On A Directed Share Issue Of Up to SEK 180 million
Cinnober Is Investigating The Possibility To Carry Out A Directed Share Issue In The Amount Of Approximately SEK 100 Million
Cinnober Year End Report 2016
Cinnober

PLY: Great idea by Cinnober to seek to raise a bit over $11 million up to $20 million to fund the standalone real-time customer clearing arm. A very intelligent approach to exploit technology which is ahead of all other vendors, at the same time significantly expanding the reach of Cinnober’s existing global client base.

BOE’s Cunliffe Says Euro-Denominated Clearing Should Not Be Forced Into Euro Zone
Reuters UK
Clear Off: City of London Steps Up Fight To Retain Euro Clearing After Expert Warnings Against “Currency Nationalism”
City AM

Joint Response From The European Association Of CCP Clearing Houses (EACH) And CCP12 To FSB Guidance On ‘Continuity Of Access To Financial Market Infrastructures For A Firm In Resolution’
EACH CCP